With their first appearance at Red Rocks Amphitheatre set for this Thursday, July 14th, opening for Galactic, Brooklyn’s Pimps of Joytime have released an official video for the track “Dance Cardia”, which lead singer and guitarist Brian J co-wrote with Rubblebucket‘s Alex Toth. The video features Brian J aka “The Hustler” preparing for an epic match of Jenga, versus childhood foil “The People’s Champ”. The track appears on the group’s latest album Jukestone Paradise.Pimps Of Joytime Bring Their ‘Janxta Funk’ To The Aggie In Colorado [Video]The group has been on a recent run in Colorado, which culminates with their first-ever appearance at Red Rocks Amphitheatre, with both Galactic and BoomBox. Brian J discussed the honor of playing the venue (which is celebrating its 75th anniversary this year), “Colorado has been real good to us over the past 6 years. There seems to be a genuine appreciation for what we do out here….It’s a privilege to be invited to play the amazing Red Rocks Amphitheater and we have our fans to thank for it.”Pimps of Joytime Tour Dates:7/13 Telluride, CO – Sunset Concert Series7/14 Morrison, CO – Red Rocks Amphitheater 7/15 Avon, CO – Agave7/16 Snowmass Village, CO – Deaf Camp Benefit Summer Festival7/28 Asbury Park, NJ – Jams on the Sand7/29-30 Floyd, VA – Floydfest7/31 Lancaster, PA – Long’s Park Amphitheater8/6 Bedford, PA – Wills Mountain Festival8/11 Scranton, PA – Peach Music Festival9/16 Los Angeles, CA – Teragram Ballroom *9/18 Felton, CA – Santa Cruz Mountain Sol Festival10/22 Rohnert Park, CA – Funkendank Oktoberfest ^* with Greyboy Allstars^ with Galactic, Big Sam’s Funky Nation and The Dixie Giants
Alex Waite, a partner at LCP, said: “The situation being considered in the stressed scenario is deliberately extreme. It will show UK pension schemes to be exposed to considerable risk – we expect the calculations will show risk amounting to multiple times current deficits shown in company accounts.”However, he added that the precise multiples to be expected could not be specified at this stage because the publicly available data used by LCP for the calculations was too general.Waite said: “To get a more detailed result, we would have to use more granular information from individual pension funds and take into account their individual circumstances.“For example, some schemes might have hedged their risk, or settled it by buying a policy from an insurer. That might help lower the overall level of risk in the UK pensions sector.”He added: “It’s important these stress tests show a reasonable number for the level of pensions risk because that information will be used for decision-making in future.“In particular, if risk levels are overstated, this might result in unwelcome and unnecessary regulatory responses from EIOPA.“A similar position exists for accounting for pensions standards issued by the International Accounting Board, which require disclosure that bear little relation to the reality, but decisions still get made on the back of those figures.”But Waite said: “We think the stress test is a sledgehammer to crack a nut. But while it is complex, for some companies and pension schemes it will provide some useful results to help understand the risks involved.”EIOPA is hoping that at least half of pension schemes, by asset value, in each EU country will participate in the stress test exercise, which is being co-ordinated by local pensions regulators in each country.The deadline for responses is 10 August.Waite said: “Trustee boards might want to discuss these calculations with company sponsors because, the more trustee boards who carry them out, the greater the influence they will have on EU policy.” The new stress test launched last week by the European Insurance and Occupational Pensions Authority (EIOPA) will result in pension risks in the UK of “multiple times the current deficits”, according to consultancy LCP.The stress tests seek to gauge the resilience of market participants to challenging market scenarios and to rising life expectancy.The stressed scenario is based on a large fall in assets, with stock markets falling 45%, and life expectancy increasing by around two years at the same time.Using its own data collected from company reports and accounts compliant with IAS 19, LCP has carried out an approximate impact study to work out projected deficits for a number of UK pension funds for the scenarios drawn up by EIOPA.
Comments After a 36-3 loss to No. 3 Notre Dame at Yankee Stadium, Syracuse (8-3, 5-2 Atlantic Coast) fell to No. 20 in the College Football Playoff rankings. This is the first season that Syracuse has been ranked in the playoff rankings, reaching as high as 12 before its 33-point loss to the Fighting Irish.Syracuse’s next chance to rise back up the rankings comes this Saturday afternoon against Boston College at Alumni Stadium. The Eagles dropped out of the rankings this week after falling to Florida State this past weekend. Published on November 20, 2018 at 7:05 pm Contact Matt: [email protected] Facebook Twitter Google+