An unusual mesospheric bore event observed at high latitudes over Antarctica

first_imgAll-sky CCD observations of short-period mesospheric gravity waves have been made from Halley Station, Antarctica (76°S, 27°W). On 27 May, 2001, an unusual wave event exhibiting several features characteristic of a “bore” was observed in the OH, Na, and O2 nightglow emissions. Mesospheric bores are rare wave events that have previously been observed at mid- and low-latitudes. This event was particular interesting as: (1) it initially appeared as a single, high contrast, linear front, accompanied by a sharp enhancement in intensity in all three emissions, (2) a number of trailing wave crests were observed to form with a measured growth rate of 6.6 waves/hr, and (3) the wave pattern exhibited unusual dynamics with significant variability in the observed phase speed and a reduction in the horizontal wavelength by ∼50% over a 1-hr period. The location of Halley and the observed propagation suggests a ducted wave consistent with current bore models.last_img read more

Cambridge Union’s Julian Assange invitation sparks outrage

first_imgThe Cambridge Union has faced strong criticism this week over its decision to invite Julian Assange to speak in a debate at the society on November 11th, and to hold a referendum amongst its membership to confirm or decline the offer of a formal invitation. The Union’s Women’s Officer, Helen Dallas, has also resigned after being left unconsulted.Assange has had a European Arrest Warrant in place against him since 2012, issued by Sweden, on suspicion of ‘lesser degree rape’. He has been living in the Ecuadorian embassy in London ever since, where he remains now, and cannot be arrested for as long as he remains in the building, which is outside UK jurisdiction.If the members of the Cambridge Union vote ‘yes’ to inviting him, he would appear by video-link only.Assange fears extradition to the United States on suspicion of espionage in his role as founder of Wikileaks if he goes to Sweden.Cambridge for Consent’s College Representative Coordinator Megan Rees issued a statement, which she shared with Cherwell, stating, “Cambridge for Consent rejects the idea that the Cambridge Union Society referendum on Julian Assange is anything other than the next insult in a wearisome and historically destructive series of offences committed against survivors of rape and sexual assault.“In even opening this issue up for discussion, the Union creates a space for those in our society who continue to silence and undervalue the voices of those, who have been victimised or attacked.“Assange’s justification for remaining in the Ecuadorian Embassy is dubious. Disregarding the 1983 extradition treaty between Sweden and the US, which states that no one can be extradited under threat of political or espionage charges, or the death penalty, Assange asserts that his position is for fear of being snatched from Sweden and transported to the US to face charges and potential trial. This is why he has not returned to face an independent judiciary. ‘Innocent until proven guilty’ loses its ring when the accused evades any chance of being proven to be anything.”Cambridge Union President Oliver Mosley, commenting on the Union’s decision, said, “Considering the unique nature of Mr Assange’s position…the decision has been taken to consult the entire membership of the Union around the world on the platforming of him as a speaker during Michaelmas term.”He went on to hit out at at the reaction to the invitation and referendum, lambasting the “unfair, ridiculous over the top, and frankly insulting” press coverage surrounding the matter.Mosley admitted that “no one ever thought” to include the Women’s Officer in discussions on hosting Assange and that she “left because she didn’t feel like her voice was heard at the Union”.Rees added, “[The Cambridge Union] are using their position and status for the real world equivalent of click-bait, showing yet again that getting bottoms on seats (presumably mostly middle class, white, male bottoms) is more important to them than using their position to protect and amplify the voices of those who most need their help.”Assange spoke via video-link at an Oxford Union event celebrating whistle-blowers in January 2013, attracting a protest of around 50 people.last_img read more

Hot Jobs in Evansville Area

first_imgHelp WantedMassage Envy Spa Evansville – Evansville, INNow hiring at 6501 East Lloyd Expressway #16,…Job Spotter –  Sales AssociatesGymboree  690 reviews – Evansville, INNo phone calls please. You will help keep store clean, maintain visual standards and aid in preventing loss by securing cash, product and company assets…. CITY CARRIER ASSISTANTUnited States Postal Service  7,785 reviews – Fort Branch, IN$16.06 an hourApplicants must have a valid state driver’s license, a safe driving record, and at least two years of. Unsupervised experience driving passenger cars or larger….USPS –  Terminal Clerk – Mt. VernonCF Industries Holdings, Inc.  32 reviews – Mount Vernon, INGreets visitors, maintains visitor’s log, answers telephones and directs calls. Under general supervision, is responsible for performing varied clerical duties… Coordinator Business OperationsVerizon  10,999 reviews – Evansville, INResponds to requests from the field sales staff for information such as, but not limited to, price plan analysis requests, account inquiries, billing questions… FacebookTwitterCopy LinkEmailShare Kitchen HandSMG Evansville – Evansville, INVEVRAA Federal Contractor. Maintaining all Kitchen equipment cleanliness and annual maintenance. The company reserves the rights to modify, supplement, delete,…Easily apply Route Sales / Service Tech.First-Line Fire Extinguisher Company – Evansville, IN$50,000 a yearHigh School diploma or GED required, Valid driver’s license, required Business to business, industrial and/or outside sales experience required Cold calling…Easily apply Consumer SpecialistMead Johnson Nutrition  65 reviews – Evansville, INThis position is responsible for driving the Enfa business, building consumer relationships and supporting brand initiatives through contacts with consumers -… Overnight CloserPlanet Fitness – Glow Brands – Evansville, INAnswer phones in a friendly manner and assist callers with a variety of questions. Greet members, prospective members and guests, providing exceptional customer…Easily applyCareerPlug –  Night Time Clean-UpMike’s Carwash  10 reviews – Evansville, INA fun, professional, outdoor work environment. In general, the primary function of the Clean-up Associate is to ensure overall cleanliness to the exterior… Night Auditor/Front DeskHampton Inn by Hilton Evansville East – Evansville, INPlus, Hampton guarantees 100% satisfaction with every stay û if you’re not satisfied, we don’t expect you to pay.We provide our guests with all the things they…Easily apply Lead TellerFirst Security Bank, Inc. – Evansville, INWe believe that our business results are enhanced through engaging and developing our people. There shall be no barriers in employment or development in our…center_img Director of Child CareHigh Point Child Care Learning Center – Evansville, INMust be familiar with State of Indiana child care regulations and Path to Quality, and possess outstanding management skills for recruiting, assisting, and…Easily apply Help WantedFamily Christian  169 reviews – Evansville, INNow hiring at 701 North Green River Road,…Job Spotter –  Kitchen Prep / Production – Start at $11+ per hour!Red Robin  1,165 reviews – Evansville, IN$11 an hourAwesome discounts on great things like Computers, Cell Phone Plans, Event Tickets (Concerts, Sports, Events, etc…)…. HousekeeperBrookdale  1,024 reviews – Evansville, INClean, polish and sanitize gathering and public spaces, including lobbies, dining rooms, restrooms, etc. to present the community in a positive and impressive…Easily apply Box Office AssistantSMG Evansville – Evansville, INUpdates and coordinates all event information for ticket sellers and receptionist. VEVRAA Federal Contractor. Will assist the Ticketing Service Manager on show…Easily apply Legal Secretary/AssistantCollins & Associates Law Office – Evansville, INRequired license or certification:. Interacting with clients, court personnel, other lawyers and legal staff, typing, scheduling,mail, filing….Easily apply Receptionist/Office AssistantChampion Windows, Sun Rooms and Home Exteriors – Evansville, INAnswering Multi-Line Phone System, Setting Appointments, Taking & Relaying messages to various staff members & customers….Easily apply Occupational Medicine Outreach CoordinatorOrthopaedic Associates  22 reviews – Newburgh, INTake calls from employers directly. Answer questions and return calls/emails in the required time frame. Bachelor’s or associates degree preferred…. Work Comp AssistantOrthopaedic Associates  22 reviews – Newburgh, INTake calls from employers directly. Answer questions and return calls/emails in the required time frame. Bachelor’s or associates degree preferred…. Driver Messenger ArmedGardaWorld  964 reviews – Evansville, INMust currently have and be able to maintain an active driver’s license and a satisfactory driving record. This position requires individuals to have or be able… CashierSephora  1,240 reviews – Evansville, INSephora was acquired by luxury group Moët Hennessy Louis Vuitton (LVMH) in 1997 then launched stateside in 1998, and is currently home to 200 world-class brands… HOST/CASHIERBob Evans Inc.  867 reviews – Evansville, INYou are the first person to greet the guest and are the last person with whom the guest has contact before leaving…. Help WantedFrontier Liquors  4 reviews – Evansville, INNow hiring at 514 West Mill Road,…Job Spotter –  Warehouse Material Handler IAzteca Milling  13 reviews – Evansville, IN$14 an hourDrive the Forklift (Must have forklift operator’s License) in some occasions to carry on with the job duties. Inspect trailers before loading….Easily apply Logistic Coordinator IJohnson Controls  2,143 reviews – Evansville, INLogistic Coordinator I Employees engaged in the tracking of inventory at field locations for either the company or customers…. Help WantedShine On Car Wash Express – Evansville, INNow hiring at 1838 Hirschland Road,…Job Spotter – Sep 26last_img read more

Hudson Theatre Works’ Virtual Festival continues

first_imgNew work will appear every Wednesday and Thursday at 6 p.m. on Hudson Theatre WorksYouTube Channel and Instagram account respectively. Donations to various organizations will be listed including Hudson Theatre Works.There is nothing more important to the long-term vitality of American theatre as an art form than the nurturing of new voices, says Frank Licata, HTW artistic director. During these extraordinary times, Hudson Theatre Works is engaged in keeping theatre alive. The Virtual Festival will present readings of new short plays by contemporary playwrights, giving them and the actors involved, an opportunity to share their work. ×  1 / 2    2 / 2  Virtual Festival – Hudson Theatre Works’ YouTube Channel ❮ ❯ 1 / 2    2 / 2  Virtual Festival – Hudson Theatre Works’ YouTube Channel ❮ ❯center_img These are new works written especially for the Virtual Festival. The festival continues with work that includes, “Flight Feathers” by John Patrick Shanley, academy award winner for Doubt, performed by Daniel Oreskes, Neil Labute’s “Mono,” performed by Elizabeth Masucci, also Gino Diiorio, Mark SaFranko, Joanne Hoersch, Todd Hilsee, Debbie Bernstein, Valerie Stack Dodge, Dorian DeMichele, Kevin Cristaldi, Robert Clem and Michael Puzzo.For more information go to, or YouTube Channel,  the HTW Instagram Account, or write to the company at [email protected] Hudson Theatre Works is located at 80 Hauxhurst Avenue in Weehawken.A story about this season’s preparations can be seen here on channel 12 New Jersey.Also starting this week on Friday at 6 p.m., Hudson Theatre Works will be releasing Archival Footage of past productions on it’s YouTube channel as well. Starting with ‘Haunted Lives’ by John Pielmeier.Hudson Theatre Works is committed to low ticket prices, so everyone can enjoy live theatre. It celebrates ensemble collaboration as well as artistic risk through its permanent company, guest artists, partner institutions and the surrounding community. It is dedicated to a rugged aesthetic which seeks to tell stories, both new and old, classic and contemporary, that reflect our lives, relationships and the world today. Hudson Theatre Works’ primary focus is on bringing a living theatre community to Hudson County, and the wider metropolitan area through performance, affordable pricing, outreach and theatre arts instruction. Hudson Theatre works is a professional Equity company and a proud member of the New Jersey Theatre Alliance.Hudson Theatre Works is a member of the New Jersey Theatre Alliance and is supported in part through gifts from the New Jersey State Council on the Arts, Hudson County Cultural and Heritage Affairs, UBS Financial and Mayor Richard Turner and the City Council of Weehawken, New Jersey.# # #last_img read more

Bids on South End Beach Project To Be Opened Friday

first_imgThe beach at the south end of Ocean City, NJ (looking north from 57th Street) near low tide on Tuesday, Oct. 7. Beaches on that part of the island will be part of a federal Army Corps of Engineers replenishment project expected to start in November 2014.Bids on an estimated $70 million project to restore dunes and rebuild eroded beaches at the southern end of Ocean City and in Strathmere and Sea Isle City are expected to be opened on Friday (Oct. 10).The federal Army Corps of Engineers advertised for bidders on the job, and the original solicitation specified a bid opening date of Oct. 3.The date was pushed back by a week because of some small changes to the bid specifications, but the start of work on the project remains on target for late November, according to Richard Pearsall, spokesman for the Army Corps Philadelphia District.Pearsall said the Army Corps will take time to review the bids, but a contract will be awarded before the end of October.Details on the Ocean City portion of the project include:“The plan for the south end of Ocean City consists of a berm and dune constructed with sand obtained from a borrow area about 2 miles offshore of Corson’s Inlet.”The dune crest will be at elevation 12.8 ft (NAVD88) with a top width of 25 feet and side slopes at a ratio of 1 vertical foot for every 5 horizontal feet.The berm will extend seaward from the seaward toe of dune for a distance of 100 feet at elevation 7.0 ft (NAVD88).The project extends from 34th Street to 59th Street (with a taper into Corson’s Inlet State Park) for a total length of 14,000 feet (2.7 miles).Recent surveys estimate initial construction sand quantity at 1.6 million cubic yards.Constructed dunes will be planted with beach grass. Sand fence will be placed at landward and seaward toe of dune where needed. Dune crossovers (pedestrian, vehicular, and ADA compliant) will be constructed with I-5 material and fenced with sand fence, split rail fence, or post and rail fence.See the complete solicitation for bids on the project.The solicitation estimates project costs (including Strathmere and Sea Isle) to be anywhere from $25 million to $100 million. Pearsall said the Army Corps anticipates a cost of about $70 million.The project will end a long waiting game for property owners in southern Ocean City, where the ocean met the bay during Superstorm Sandy in October 2012 and flattened protective dunes. Since then, the city used sand recovered from streets and trucked in from the mainland to rebuild a sand berm and to elevate beaches.Beaches on that part of the island disappeared during some high tides even before Sandy hit in 2012. The temporary sand berm has held since Sandy.The Army Corps has approval to complete a multi-town project (with Strathmere and Sea Isle City) to rebuild beaches and restore dunes. The federal government will pay 100 percent of the price tag as part of Sandy disaster relief. The southern part of Ocean City would then be on a regular maintenance cycle for federal Army Corps beach restoration as the northern part of the island is.The entire project will include the dredging of 4.2 million cubic yards of sand from a harvest area off the coast of Ocean City. It will bring 1.6 million cubic yards to Ocean City alone.Pearsall said the contractor will determine where the project will start — which of the three towns gets sand first.The funding and permits are in place.__________Sign up for OCNJ Daily’s free newsletter and breaking news alerts“Like” us on Facebooklast_img read more

Ocean City Council to Consider $19 Million Bond Ordinance for Road and Drainage Projects

first_imgBy Donald WittkowskiCity Council is expected Thursday to approve a nearly $19 million bond ordinance to finance a series of major road and drainage projects in two flood-prone neighborhoods of Ocean City.Separately, Council is also scheduled to vote at its 7 p.m. meeting Thursday on a $7 million contract that is a key part of the city’s proposed $20 million dredging program for clogged lagoons along the back bays.In another matter, Council will consider giving final approval to a zoning ordinance that would make it easier for residents to repair or rebuild homes damaged by Hurricane Sandy.The $19 million bond ordinance includes $8.9 million for a new stormwater pumping station in the north end of town, as well as road and drainage improvements to help alleviate flooding from coastal storms.The boundaries of the project are roughly from First Street to Eighth Street and from Haven Avenue to Bay Avenue. The pumping station and a new outfall pipe are planned for Sixth Street and the bayThe city will receive a $5 million grant from the Federal Emergency Management Agency to help pay for the north end project. It is the city’s largest grant ever.The proposed bond ordinance also includes $8 million worth of road and drainage improvements and new pumping stations roughly between 26th and 34th streets, another area vulnerable to tidal flooding.Construction on the north end project as well as the improvements between 26th and 34th streets is scheduled to begin in the fall, city spokesman Doug Bergen said.“They’re essential for the quality of life in two neighborhoods,” Bergen said of the benefits of both projects.Other smaller projects will be funded by the remaining money in the bond ordinance. They include streetscaping in the downtown business district, resurfacing of the racquet courts on 18th Street and improvements to the 34th Street Recreation Building.While the bond ordinance will focus mainly on street and drainage improvements, Council is also scheduled to vote on a $7 million contract that will help speed up the dredging of the city’s shallow lagoons.Under the proposed contract, Mount Construction Co. Inc., of Berlin, N.J., will haul away muddy silt that is stored at a temporary disposal site after it is dredged from the lagoons and channels along the back bays.A new temporary roadway has been built through the marshlands to allow more trucks to remove the dredge spoils from Site 83, as it is known. The disposal site, located off Roosevelt Boulevard near the 34th Street Bridge, holds 300,000 cubic yards of dredge material.Mayor Jay Gillian has proposed spending a total of $20 million on dredging projects along the bayfront. Boats often are stuck in the clogged lagoons during low tide, forcing their owners to keep them at the docks.The contract with Mount Construction will help create enough space in Site 83 to keep the dredging projects moving along smoothly.Also at Thursday’s meeting, Council has scheduled a public hearing and final vote on a proposed zoning ordinance that will regulate the hours for pile-driving machinery at construction sites.When the ordinance was introduced by Council earlier this month, Gillian stressed that it would help property owners who are struggling to rebuild homes damaged by Hurricane Sandy in 2012.“It’s the homeowners who are coming to us and asking for help,” Gillian said.The measure would expand the operating hours for the quieter and less disruptive pile drivers that use a boring or auger method.However, the noisy, old-fashioned pile hammers that are infamous for their groundshaking vibrations would continue to face the same restrictions as they do now.Currently, all pile driving, no matter what the method, is limited to 10 a.m. to 3 p.m. Monday through Friday from July 1 to Aug. 31, City Solicitor Dorothy McCrosson said.Under the proposed ordinance, the operating hours for pile drivers using the boring or auger method would be expanded to 8 a.m. to 4 p.m. Monday through Friday year-round.There would continue to be a ban on all pile driving, no matter what type, on weekend days, according to McCrosson.Contractors who use the boring or auger machines would have to notify surrounding property owners within 100 feet of the construction site at least 10 days in advance of starting work.If they planned to use the hammer-type pile drivers, they would have to notify property owners within 200 feet and at least 14 days in advance.McCrosson explained that the proposed ordinance reflects changes in the pile-driving industry. The hammer-type pile drivers are becoming less common, while the quieter boring and auger equipment is now used more often, she said.last_img read more

Indonesian Military imprisons, dismisses soldier for having same-sex intercourse

first_imgRead also: Of coming out and acceptance: LGBT youth seek peace in conservative IndonesiaThe head of the information division of the TNI Information Center Col. Sus Aidil defended the verdict, saying that it complied with the telegram issued by the TNI commander in 2009. It was later reiterated by a recent telegram issued by the Army chief in September last year stressing that LGBT-related actions were among heavy violations against the military principles and the 2004 TNI Law. Article 62 in the law stipulates that the force will discharge personnel without honor for committing indecent acts that can harm the discipline of TNI soldiers.“TNI imposes firm sanctions against military personnel proven to have violated decency, including LGBT,” Aidil told on Thursday.The head of the Military Chamber at the Supreme Court, retired Maj. Gen Burhan Dahlan, also said the court could dismiss a TNI member who was proven to have committed “sexual perversion” using the aforementioned article.Burhan added that leaders of the Indonesian Army were infuriated after recently discovering that around 20 officers involved in cases of homosexuality were acquitted by judges of the military court.The concerns, he said, were related to the personnel’s ability to uphold the country’s defense.”If in carrying out their tasks the soldiers have deviant habits, how can they carry out their duties properly?,” he said.Read also: Puspen TNI under fire for homophobic comic stripLini Zurlia, an advocacy officer of the cross-border organization for LGBT rights ASEAN SOGIE Caucus, criticized the punishment against P, arguing that it was an individual’s private matter.She raised concerns that the punishment would have a further impact on members of the Indonesian LGBT community that had already faced systematic discrimination in society. The Semarang Military Court has sentenced a chief private, identified only as P, to one year’s imprisonment, in addition to dismissing him from the Indonesian Military (TNI) for having same-sex intercourse with another member of the military.“[The court] declares the defendant guilty of willful disobedience [and sentences him] to a primary punishment of one year’s imprisonment,” presiding judge Lt. Col. Eddy Susanto said in the verdict as reported by on Thursday.“[He is also given] the additional punishment of dismissal from military duty.” Topics :center_img The court found P guilty of violating Article 103 of the Military Criminal Code on disobedience to service orders, after being found having sex with a subordinate.In the verdict, the panel of judges referred to a telegram issued by the TNI chief in October 2019, which prohibited all military personnel from being involved in LGBT relationships.According to the verdict, uploaded to the Supreme Court’s website on Wednesday, the panel said that homosexual intercourse was against the “established law and existing religious norms”, adding that the defendant should set an example to the public as a military officer.There was no information on when the verdict hearing was held.last_img read more

‘Personality’ to charm on the peninsula

first_imgThe home at 106 Dover Rd, Redcliffe.THIS renovated property has a unique style that will appeal to those chasing an alternative to the modern cookie-cutter home. Ann Pankov bought 106 Dover Rd, Redcliffe three years ago and set about extending the two-bedroom cottage into a four-bedroom, two-bathroom family home. “It was a renovator’s delight when I bought it,” she said. “It had 70s wallpaper and brown carpet but it was a good size and on a decent block.” The living area at 106 Dover Rd, Redcliffe.Outside there is a covered patio and deck area for entertaining. The home is on a 668sq m block with low-maintenance lawns and gardens. “This isn’t your standard display home — it’s got personality,” Ms Pankov said. “It would suit a family — it has four bedrooms, two living areas, and a big back yard. “It’s walking distance to a lot of (amenities) and it’s on a really friendly street.” The property is being marketed by Brendan Philp of Abode Properties for offers over $499,000. The kitchen at 106 Dover Rd, Redcliffe.Ms Pankov said she pretty much overhauled the entire home. “The original bathroom has been redone, an ensuite added and there is an extension with master bedroom, walk-in robe, a second living room and extra bedroom.” The split-level home has an open-plan dining and kitchen area, family room, living area, laundry and spacious family bathroom. More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019center_img The main bathroom at 106 Dover Rd, Redcliffe.The kitchen has stainless steel appliances, black and yellow splashbacks and dark cabinetry, and the main bathroom has a designer bathtub and pendant lighting. “My favourite room is the main bathroom because of the big freestanding bath,” Ms Pankov said. “That was the splurge during the renovation — it’s a great bath.” The master bedroom has a walk-in robe and ensuite and the remaining bedrooms have built-in robes. last_img read more

Enquiries from interstate buyers looking to move to Queensland on the rise

first_imgThe Palmer family made the move from Sydney last year, and will soon build their dream waterfront home at Stockland’s Newport precinct.A new waterfront home near Brisbane or a one-bedroom “house” on the 25th floor of an apartment building in Sydney?It was a “no brainer” for the Palmer family, who relocated back to the Sunshine Statelast year.For half the price of a shack down south, the family-of-five will build their castle 35km north of Brisbane. And they are not alone in making the move north.Recent data shows that interstate migration to Queensland more than doubled between June 2014 and June 2016, reaching 11,581.And sky high house prices were among the leading reasons why, with Sydney ranked as the second least affordable city in the world earlier this year.Brisbane came in at number 18, according to US-based consultancy Demographia.Housing affordability and financial planning expert Robert Snell, who lives in Sydney, said there was little doubt buyers got more bang for their buck in Brisbane.But he said the biggest issue was the widening gap between median wages and house prices, with Sydney increasingly out of reach for the average Aussie.“That’s why I think you will continue to see that migration north,” he said.“Quality of life due to housing inequality, in my opinion, is a real risk.”But Sydney’s loss could be Brisbane’s gain, at least in the short term.Mr Snell sees Brisbane offering a huge opportunity for younger people to get a foothold in the market.RPS Brisbane regional technical director for economics Mark Wallace said the median house price in Sydney was “effectively half” that of Brisbane, and interstate migration had reached its highest point since the 2002 to 2004 period, when Queensland recorded its largest ever influx from interstate.“We still have a long way to go to get back up there (2002-04 figures) but I would say we are very much at the start of the cycle,”he said.“Back then our response was reactive so we really need to ensure we are ready for another population increase and that we learn lessons from Sydney.”Position Property director Richard Lawrence said his agency was already seeing huge demand from interstate markets.“We are seeing a lot of people, particularly from Sydney, buying within 10km of Brisbane CBD,” he said.“They are moving for work but lifestyle and affordability are big factors, with many reclaiming up to 15 hours of their life by cutting commute times.”Mr Lawrence said the trend had “really ramped up” in the last 12 to 18 months, with interstate movers happy to relocate for a lower paycheck as it was often offset by lower cost of living.Stockland’s Queensland residential communities general manager Kingsley Andrew said they were also receiving a steady increase in homebuyer inquiries from interstate.“This trend is becoming evident in all of our key corridors, including the Sunshine Coast, northern Moreton Bay region, western Brisbane corridor and on the northern Gold Coast,” he said.So what can $1.1 million – a rough estimate of the cost of a house and land package with waterfront views at Newport – get you within 40kms of Sydney? Not much.You could get a one bedroom, one bathroom “house” on the 25th floor of an inner-city apartment complex for $1.18 million.For $1.18 million you could get this one bedroom ‘house’ on the 25th floor of an apartment complex in the Sydney CBD.Or you may be lucky enough to get a two-bedroom cottage in Balmain for around $1.1 million at auction, or a Surry Hills terrace with “courtyard” (above).Or invite the whole family around for a barbecue at this $1.1 million Surry Hills house.Mr Wallace said it was “not a case of if but when” the great southern migration would return to Queensland.“When this growth does happen, the big question is how do we ensure we have enough housing and infrastructure, maintain affordability and avoid too many negative impacts on the existing community,” he said.In its latest quarterly business outlook, Deloitte said “good news is building in Queensland”.“The big fall in project construction has now stopped, Sydney housing prices are sending refugees north of the Tweed, gas output is set to soar, and numbers of students and tourists flocking here haven’t (or haven’t yet) taken damage from the frisky Aussie dollar.”***CASE STUDY: The Palmer FamilyNewport, Redcliffe, developed by Stockland.More from newsParks and wildlife the new lust-haves post coronavirus1 day agoNoosa’s best beachfront penthouse is about to hit the market1 day agoWHEN the Palmer family began the search for their new home, the decision was an easy one.A $2 million cramped and rundown pad in Sydney or a spacious new waterfront home on the Redcliffe Peninsula.“It was a no brainer, really,” Adam Palmer, a chief information officer for a transport firm, said.Mr Palmer, his wife Peta, a senior accountant for a major insurer, and their three boys, Louis, 5, Benson, 3, and Wil, six months, moved back to Queensland last year, after spending six years in Sydney.They were able to move back in to their Scarborough home, but were keen to finally make their waterfront dream come true.That search found them at Stockland’s $590 million Newport community.“We wanted somewhere that was still close to family and friends but like somewhere you would happily go on holidays,” Mr Palmer said.“And I had always wanted a lakeside home and now that will be a reality.”Mr Palmer said the boys loved the water, and enjoyed fishing, swimming and collecting shells.“But I already have my eye on a boat,” he laughed.The family has purchased a 450sq m block overlooking what will be a 23 hectare non-tidal lake with access to an existing canal.They are currently working with builders and designers on their new home and hope to start construction mid-2018.“Our dream home will be a two-storey open planned house that looks out over a pool and the lake,” Mr Palmer said.“There will be a floating 40sq m deck over the water and a 17m jetty connected to that with a 15m cruiser hopefully moored there.“And there will be heaps of family and friends enjoying the entertaining spaces. That’s the dream.”It is a long way from the cramped apartment the family-of-five shared in Sydney.Stockland regional manager David Laner said they had seen strong early demand from potential buyers interest in Newport’s exclusive lakefront land.He said that popularity came on the back of significant interest in the developer’s other offering, canal blocks in the Quay precinct.“A total of 26 direct waterfront lots have already been snapped up at Newport, together with another 27 waterside lots in the Quay at Newport precinct,” he said.“Overall, we have sold almost 450 lots since launching last year.”Mr Laner said construction of the first lakeside lots had commenced, with completion expected in the second half of 2018.THE BASICSQUAY AT NEWPORTDeveloper: StocklandPrice: From $641,900Location: Sales centre on the corner of Griffith and Boardman Rdslast_img read more

ABP to stick with strategic asset allocation for next three years

first_imgABP, the €359bn pension fund for Dutch civil servants, has said it will stick with its strategic investment mix of 40% fixed income and 60% securities for the next three years.In its 2015 annual report, it said it made only marginal adjustments to its investment portfolio, including the reduction of its hedge fund portfolio from 6% to 5%.ABP combined its various hedge fund strategies into a single unit to reduce costs, which dropped from 558 basis points to 444bps over the course of the year.It returned 13% on the asset class but said almost 12 percentage points was due to the appreciation of the US dollar against the euro, adding that quantitative equity strategies were delivering the best results. The pension fund also increased its allocation to long-term government bonds to 2.7% to improve its protection against low interest rates.It said the change would enable it to reduce the use of derivatives as hedging instrument.Its first investments – in Dutch and German long Treasuries – delivered 2.3%.ABP said it would divest its 0.9% allocation to ‘alternative inflation’ due to “insufficient opportunities in the market”.The portfolio consisted of bonds and loans to organisations involved in infrastructure, real estate, telecoms, energy, water and environmental services.Private equity, returning 24.8%, was the best performing asset class.ABP attributed the result to several IPOs and sales to strategic buyers, combined with the appreciation of the US dollar against the euro.It said it would increase the allocation to its internally managed private equity portfolio but did not provide further details.At year-end, the allocation was 5.1%.The pension fund credited the performance of its alternatives, as well as the 7.5% return on its 30% equity portfolio, for its overall net return of 2.7%.Developed-market equities produced 11.7%, an outperformance of 0.6 percentage points, “thanks to fundamental and European-focused strategies”.Emerging market equities, however, lost 4.7% over the period.ABP also lost 0.5 percentage points of return on its 25% interest hedge, as well as 3.5 percentage points on part of its currency hedge.The pension fund reported a return of 16.9% on real estate – with listed property companies and funds delivering the best results – and 5.8% on credit.Its opportunities fund, which includes intellectual property and energy-related investments, returned 10%.The scheme attributed the 20% loss on commodities not only to energy but also metals and agriculture.last_img read more