Snarky Puppy, Dopapod, Kung Fu Members To Join Roosevelt Collier For Brooklyn Comes Alive

first_imgRoosevelt “The Dr.” Collier is bringing his southern-bred grooves to Brooklyn Comes Alive! The pedal steel guitar player will lead bassist Michael League (Snarky Puppy), Rob Compa (Dopapod), Eli Winderman (Dopapod), and Adrian Tramontano (Kung Fu) through a game-changing mix of covers that is not-to-be-missed.Brought up in the “sacred steel” tradition of the House of God Church, Roosevelt built his reputation alongside his uncles and cousins in The Lee Boys, known for their spirited, soul-shaking live performances. Seated front and center, “The Dr.” leaves an indelible mark on listeners, flooring audiences with his lightning-fast slide work on the pedal steel. Having shared many stages with legendary acts like the Allman Brothers, String Cheese Incident, Widespread Panic, Umphrey’s McGee, and so many more, Collier is ready to step in front of any crowd and consistently deliver a jaw-dropping performance.The Roosevelt Collier New York Get Down promises funk, soul, blues, and rock and roll. With these five incredible players sharing a stage, there’s no telling what’s in store.Set for October 22, 2016, the second annual event will span three of Brooklyn’s most popular venues — Brooklyn Bowl, The Hall at MP, and Music Hall of Williamsburg — all within a 10 minute walking radius. Tickets to the event grants you access to all three venues, and can be found here. More information can be found on the event’s website.So far, BCA has officially announced the following supergroup formations:The All Brothers Band: Oteil Burbridge, Kofi Burbridge, Neal Evans, Alan Evans[Br]eaking [Bi]scuits: Adam Deitch, Borahm Lee, Marc Brownstein, Aron MagnerReed Mathis’s Electric BeethovenJoe Russo, Scott Metzger, Robert Walter, & Andy HessDRKWAV: John Medeski, Adam Deitch, & SkerikEarth, Wind and PowerJason Hann’s RhythmatronixA Tribute To J DillaStay tuned for more lineup announcements over the coming weeks! In the meantime, see if you can guess what Brooklyn Comes Alive might be in store from the following artist list:Brooklyn Comes Alive Artist Full Lineup:Joe Russo (Joe Russo’s Almost Dead)Oteil Burbridge (Allman Brothers/Dead & Company)Marc Brownstein (The Disco Biscuits)Aron Magner (The Disco Biscuits)John Medeski (Medeski Martin & Wood)Jason Hann (The String Cheese Incident)Adam Deitch (Lettuce/Break Science)Robert Walter (Greyboy Allstars/Mike Gordon)Scott Metzger (Joe Russo’s Almost Dead)Kofi Burbridge (Tedeschi Trucks Band)Alan Evans (Soulive)Neal Evans (Soulive)Eric “Benny” Bloom (Lettuce)Jesus Coomes (Lettuce)Adam Smirnoff (Lettuce)Ryan Zoidis (Lettuce)Roosevelt CollierMichael League (Snarky Puppy)SkerikTodd Stoops (RAQ)Reed Mathis (Tea Leaf Green)Borahm Lee (Break Science)Natalie Cressman (Trey Anastasio Band)James Casey (Trey Anastasio Band)Chris Bullock (Snarky Puppy)Nikki Glaspie (The Nth Power)Nick Cassarino (The Nth Power)Nate Edgar (The Nth Power)Courtney J’Mell Smith (The Nth Power)Manic Focus (special guests)Will Bernard (Stanton Moore Trio)Tim Palmieri (Kung Fu)Jay Lane (Primus/RatDog)Rob Compa (Dopapod)Eli Winderman (Dopapod)Adrian Tramontano (Kung Fu)Holly BowlingBrasstracksFareed Haque (Garaj Mahal)Cochrane McMillan (Tea Leaf Green)Andy Hess (Gov’t Mule/The Black Crowes)Dan Edinburg (The Stepkids)Jen Durkin (Deep Banana Blackout)Johnny Durkin (Deep Banana Blackout)Rob Marscher (Matisyahu)Rob Somerville (Kung Fu)Benny Rietveld (Santana)Samora Pinderhughes (Emily King, Branford Marsalis)Raul PinedaFarnell NewtonDanny SadownickBrandon “Taz” Niederauer (Artist-At-Large)Showcase Sets:RIPEOrgan Freemanlast_img read more

ERAFP’s Desfossés: ECB policy a ‘trainwreck in slow motion’

first_img“Upside down” regulation and the European Central Bank’s (ECB) interest rates are a threat to the survival of European pension funds, according to Philippe Desfossés, chief executive of ERAFP, France’s €25bn public pension fund for civil servants. Commenting on the French government’s plans to allow insurers to move their occupational pension business out from under Solvency II to a new regulatory framework, Desfossés said pension funds had to “deal with issues far more challenging” than Solvency II. Muc more pressing, according to Desfossés, is the low-return environment making it more and more difficult for pension funds to cover their liabilities.“From a fiduciary perspective, I cannot buy government bonds now because I’m buying something that is paying less than what I have promised on the liability side of my balance sheet,” he said. If the ECB keeps interest rates at the current level, “you will see the nuts and bolts of all pension funds and life insurers blasted away”.“How can life insurers and pension funds survive in an environment where money is being paid to the debtor?” Desfossés asked. “For me, it’s a trainwreck in slow motion.”But the central bank is caught between a rock and a hard place because, if it normalises rates, “the problem won’t be so much with pension funds but with debtors, especially governments”.The “huge problem” facing pension funds is that they have pledged to make payments based on a fixed interest rate but are unable to invest in assets that generate returns matching their commitments.“So, in France, to talk about Solvency II alternatives […] that’s not the issue,” he said, calling instead for a redesign of the “whole architecture”.“You have to put in place real pension funds, and by that I mean some sort of collective defined contribution scheme and not some sort of 401k à la française.”More fundamentally, current regulations are encouraging pension funds to waste their long-term resources by investing in shorter-duration assets, he said. “If ERAFP invests in French bonds today, not only does it not get returns but that investment means destroying the wealth of the pension fund by reducing our coverage ratio,” he said.He criticised that, while banks were financing long-term projects with short-term money, pension funds with liabilities of up to 30 years were encouraged to invest in short-term bonds. “It’s totally upside down,” said Desfossés. “We are wasting precious long-term capital. Pension funds don’t issue money, banks do – and that’s why they are much more dangerous.”He suggested that, to help pension funds restore their funding ratios, they be allowed to increase their exposure to volatile or illiquid assets. Regulatory constraints limiting such investments would have to be relaxed, he said.“In parallel,” Desfossés added, “pension funds, when they have cash issues, should be able to get direct credit from the ECB as long as they can prove they have set a credible recovery plan.”last_img read more