One of the last projects David Bowie completed before his death earlier this year was Lazarus, a musical that pulled from his vast and varied catalogue of songs. This Friday, October 21st, a compilation album of material from Lazarus will be released via ISO/Columbia/RCA.In addition to the official cast recording of the show and Bowie’s version of the musical’s eerily prophetic title song, the Lazarus compilation will include three never-before-heard Bowie studio tracks. The three songs–“No Plan”, “Killing A Little Time”, and “When I Met You”–were recorded with the same band featured on Bowie’s final album Blackstar (stylized as a solid black five-pointed star), and have only been heard as performed by the cast of Lazarus (which includes the talented Michael C. Hall).Today, two of those three recordings–“When I Met You” and “No Plan”–were played on BBC radio. You can listen to “When I Met You” here (at 51:00) and its gloomy, dramatic counterpart “No Plan” here (46:00). Both of the tracks were recorded with Bowie’s longtime producer Tony Visconti.You can see the full track list for the Lazarus compilation below:CD 1:01. “Hello Mary Lou (Goodbye Heart)” – Ricky Nelson02. “Lazarus” – Michael C. Hall & Original New York Cast of Lazarus03. “It’s No Game” – Michael C. Hall, Lynn Craig & Original New York Cast of Lazarus04. “This Is Not America” – Sophia Anne Caruso & Original New York Cast of Lazarus05. “The Man Who Sold The World” – Charlie Pollack06. “No Plan” – Sophia Anne Caruso07. “Love Is Lost” – Michael Esper & Original New York Cast of Lazarus08. “Changes” – Cristin Milioti & Original New York Cast of Lazarus09. “Where Are We Now” – Michael C. Hall & Original New York Cast of Lazarus10. “Absolute Beginners” – Michael C. Hall, Cristin Milioti, Michael Esper, Sophia Anne Caruso, Krystina Alabado & Original New York Cast of Lazarus11. “Dirty Boys” – Michael Esper12. “Killing A Little Time” – Michael C. Hall13. “Life On Mars” – Sophia Anne Caruso14. “All The Young Dudes” – Nicholas Christopher, Lynn Craig, Michael Esper, Sophia Anne Caruso & Original New York Cast of Lazarus15. “Sound And Vision” – David Bowie16. “Always Crashing in the Same Car” – Cristin Milioti17. “Valentine’s Day” – Michael Esper & Original New York Cast of Lazarus18. “When I Met You” – Michael C. Hall & Krystina Alabado19. “Heroes – 4:43” – Michael C. Hall, Sophia Anne Caruso & Original New York Cast of LazarusCD 2:01. “Lazarus” – David Bowie02. “No Plan” – David Bowie03. “Killing A Little Time” – David Bowie04. “When I Met You” – David Bowie[h/t – Consequence of Sound]
The Polish government has finally published the draft bill radically changing the second-pillar pension system.The bill, issued late on 10 October, puts in place essentially all the proposals announced in September, alongside punitive restrictions on advertising by the second-pillar funds (OFEs) and some proposed changes to the third pillar.The bill is now out for a 30-day public consultation.Its publication marks a U-turn from 1999, when the establishment of the mandatory second pillar was seen as a means of providing higher retirement income while eventually reducing the pension and public deficit, to a position where the system has ostensibly done the opposite. The draft bill states that the costs associated with the OFEs had, according to the Finance Ministry, ballooned to PLN279.4bn (€66.7bn) by the end of 2012.This was equivalent to 17.5% of GDP and more than 30% of the country’s public debt.The Finance Ministry has estimated that the changes will in 2014 reduce the public debt by 8.4% of GDP according to national accounting standards and by 9.2% according to EU methodology.As expected, the first pillar Polish Social Insurance Institution (ZUS) will handle the OFE retirement payouts, with the accumulated funds transferred incrementally 10 years before retirement.The controversial investment changes are also in place.All Polish sovereign and state guaranteed bond holdings, including central bank issues, will be transferred from the OFEs on 3 February 2014.The law actually stipulates 51.5% of portfolio value on 3 September 2013 – the day before the government officially announced the changes – so the funds that cannot satisfy this quota with state bonds will have to make up the difference with other non-equity assets such as cash and bank deposits, road and municipal bonds.Earlier, the Polish Chamber of Pension Funds (IGTE), which has disputed the legality of both the transfer of assets to ZUS before retirement and the removal of government securities, sought opinion from the European Commission.Małgorzata Rusewicz, IGTE acting president, told IPE: “We still emphasise that proposed changes raise serious legal doubts.“In accordance with legal regulations valid in Poland, the OFEs have the right to invest the assets of their members until the insured retire.“Therefore, the transfer of assets from the OFE to ZUS, even if it concerns only a part of them, as in the case of bonds, constitutes appropriation of the assets that are the property of the OFE and its members by a public institution without compensation.“The assets accumulated on behalf of the insured will cease to be private property – they will become public property and will be consumed by the state.”In future, the OFEs will be banned from investing in any state securities, not just Polish ones, as well as state-guaranteed loans, deposits and related instruments. As part of what the government has consistently called “real economy” investment, they will be allowed to invest in Polish road and other infrastructure bonds, corporate and municipal issues.As of 4 February 2014, the OFEs will have to invest a minimum 75% in equity, irrespective of their members’ age and risk appetite.“Forcing a pension fund to invest a minimum 75% exclusively in shares will significantly increase the risk of such transactions and make it impossible to manage in a manner beneficial for the insured,” said Rusewicz.“It will make it impossible to protect the real value of those assets in periods of a slump in the economy. Until now, such solution has never been used in pension funds anywhere.”Other investment restrictions will be lifted as of 1 July, including the abolition of the minimum investment return benchmark.The foreign investment cap of 5% will be raised to 10%, then 20% in 2015 and 30% in 2016.The OFEs will be able to lend stock, a practice previously prohibited, while a separate law will specify in what circumstance they will be able to use derivatives, also banned up till now.Contribution fees will be halved, to 1.75% for the OFEs and 0.4% for ZUS, and the contributions to the OFEs capped at 2.92% of gross wages.The hitherto mandatory system becomes voluntary.New entrants to the labour market and existing OFE members will have a three-month window from 1 April to declare their intention to remain in the second pillar or have future contributions transferred to ZUS.They can make this choice in person, by post or online.Those who do not will by default have their future contributions moved to ZUS.Workers will be able to change their decision, with the April-June window open in the first instance after two years, then every four years.This is effectively the only concession the government has made since its proposals were announced in September.Previously, the freedom to change one’s mind was to be restricted to those workers who had opted to remain in the second pillar.OFE members will be able to change their fund every three months, although it is not clear how they will make their decision, as the government also dropped a bombshell by making the publication and distribution of OFE advertising a criminal offence subject to a penalty of PLN1m or up to two years in prison.“We are surprised with additional change, according to which there will be no possibility to advertise OFEs in any way,” said Rusewicz. “We honestly don’t know at the moment how to interpret these rules. We don’t know, for example, if the IGTE would be able to organise any informational campaign regarding OFEs.“It would be a phenomenon for the whole EU if such a rule would be adopted by the Polish Parliament.”The draft also covers changes in the third-pillar IKZE retirement accounts introduced in 2011 to improve the take-up, including increasing the limit on tax-free contributions and reducing the tax on payouts to 10%.
Tipp Ladies football captain Samantha Lambert says she’s confident Cahir will give this game a good rattle. Cahir Ladies footballers face into a Munster final against tough opponents this afternoon.Waterford champions Ballymacarberry were to make the Trip to Tipp, however, the fixture has been moved to the All Weather pitch on the North Campus at the University of Limerick.The team features plenty players from the All Ireland Intermediate winning side, that defeated Tyrone last month.
Pep Guardiola is in line to visit the Emirates Stadium in December as he steps up plans to return to football, Goal.com can reveal.The former Barcelona manager has been invited to deliver a presentation at a one-day event organised for international coaches and football specialists to share their knowledge.He is set to be one of a series of high-profile speakers at the symposium, which is scheduled to take place at Arsenal’s stadium in mid-December, most likely on December 19.Guardiola, who is living in New York with his family during a year’s sabbatical from the game, has indicated he is keen to be involved if it fits in with his plans to visit London as part of a Europe-wide fact-finding trip.The Spaniard was photographed with Sir Alex Ferguson in the US capital last week, where both attended the US Open tennis finals, as he maintains his links with the game.However, United dismissed suggestions that the pair met to discuss the possibility of Guardiola succeeding Ferguson at Old Trafford. The 41-year-old revealed in late April that he would be stepping down as manager of Barcelona to take a break from football following a glittering four-year spell at the helm in which he steered the club to 13 trophies, including two Champions League titles and three league crowns.Speaking at the time, Guardiola explained: “The reason is simple: four years is enough. I’m drained and I need to fill up. The demand has been very high and a manager must be strong.“Time has taken its toll – I rise each day and don’t feel the same. I am going with the understanding that I have done my duty. You can only recover by resting and getting away from everything.”The Catalan, who speaks good English, has been strongly linked with a managerial post in the Premier League, with United, Chelsea and Arsenal among the clubs said to be keen on hiring one of the highest achieving coaches in the game.