Pearl Jam Cancels North Carolina Concert Amid LGBTQ Law Controversy

first_imgUPDATE: Pearl Jam frontman Eddie Vedder spoke about the cancellation at last night’s performance in the Hampton Coliseum in Hampton, VA. He said “We thought we could take the money and give it to them and still play the show, but the reality is there is nothing like the immense power of boycotting and putting a strain and it’s a shame because people are going to affected that don’t deserve it but it could be the way that ultimately is gonna affect change, so again, we just couldn’t find it in ourselves in good conscience to cross a picket line when there was a movement.”Watch the video here:After Bruce Springsteen cancelled his performance in North Carolina two weeks ago, artists everywhere are being forced to reconsider their performances in the state. North Carolina recently passed a law called HB2, which has been reviled as a discriminatory legislation against the LGBTQ community. With other artists taking a stand, including Mumford & Sons donating their proceeds to a local organization, the latest to speak out is Pearl Jam.The band has been rocking out on their 25th anniversary tour, which recently included a full performance of the Vs. album. With a show scheduled at the PNC Arena on April 20th, the band has officially taken a strong stance against the HB2 law by cancelling their show. In a lengthy public statement, Pearl jam calls the law “despicable,” and will be donating money to local groups to help combat the state’s oppression.Read the full statement below:PEARL JAM STATEMENTIt is with deep consideration and much regret that we must cancel the Raleigh show in North Carolina on April 20th.This will be upsetting to those who have tickets and you can be assured that we are equally frustrated by the situation.The HB2 law that was recently passed is a despicable piece of legislation that encourages discrimination against an entire group of American citizens. The practical implications are expansive and its negative impact upon basic human rights is profound. We want America to be a place where no one can be turned away from a business because of who they love or fired from their job for who they are.It is for this reason that we must take a stand against prejudice, along with other artists and businesses, and join those in North Carolina who are working to oppose HB2 and repair what is currently unacceptable.We have communicated with local groups and will be providing them with funds to help facilitate progress on this issue.In the meantime we will be watching with hope and waiting in line for a time when we can return.Perhaps even celebrate.With immense gratitude for your understanding,Pearl Jamlast_img read more

New industry group predicts ‘massive consolidation’ in Swiss pensions

first_imgMore than half of Swiss pension funds will “disappear” in the coming decade, according to a newly formed group of industry experts seeking to lend a voice to the French-speaking part of Switzerland in the debate over the future of second-pillar system.The Group de Refléxion is made up of union representative Aldo Ferrari, who is also a member of the top supervisor OAK, consultant Bernard Perritaz, actuary Stéphane Riesen, lawyer and professor Jacques-André Schneider and actuary Fabrice Welsch.In its first statement, it predicts “massive consolidation” in the second pillar and argues that this will ultimately be in pension fund members’ interest.“Over the next 10 years, half of all Swiss Pensionskassen will disappear,” it says. The group also argues that there should be only one type of Pensionskasse, and that the wholly insurance-based model should “vanish”, as it is “doomed to fail eventually”.In the wake of the cost debate in the second pillar and the low-interest rate environment, insurers have faced scrutiny over allegedly non-transparent cash-flows and cost structures.The Group de Refléxion also spoke out against the “individualisation” of the second pillar, claiming that increasing individual choice for pension fund members contradicted the solidarity principle.Meanwhile, the Swiss government sparked a heated debate in the industry with a proposal to forbid lump-sum payments from a Pensionskasse on retirement.Based on claims that some people were exhausting their retirement funds too quickly and then drawing on emergency funds, the government wants money saved in the mandatory system to be paid out in monthly payments only.But the Swiss pension fund association ASIP warned against changing the system without reliable statistics or information on whether lump-sum payouts were really being misused to a considerable extent.Elsewhere, the government changed the funding of the top supervisory body Oberaufsichtskommission (OAK), as the authority reported a major surplus in funding in its second year of existence.In 2012, after its first year of operation, the OAK reported a CHF1.6m (€1.3m) surplus and in 2013 a surplus of CHF2m.last_img read more

Monday October 21st KGLO Morning News

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Steven Gerrard confident in-demand Rangers star will sign new deal

first_imgMorelos has scored six goals in 11 appearances for the Gers this term, and was this week rewarded with his first international call-up by Colombia.Gerrard has already had to rebuff a £3.75million offer for the 22-year-old within the last few weeks.And the Rangers boss is keen to ensure no-one else tries to lure the former HJK Helsinki striker away before Friday’s transfer deadline.Speaking ahead of Thursday’s Europa League crunch with Russian side Ufa, Gerrard said: “I’m delighted for Alfredo.“He’s a very confident player anyway, he always believes he can deliver so it was no surprise for me to see him get a call-up. Morelos’ red-hot goalscoring form has led to his first Colombia call-up 2 2 Rangers manager Steven Gerrard is confident in-form striker Alfredo Morelos will sign a new deal to stay with the Ibrox club this season.The Scottish Premiership club are hoping to ward off interest in the frontman from several clubs as the summer transfer window comes to a close on Friday. Colombian ace Morelos is top scorer for unbeaten Rangers this season “He has been in fantastic form and we are all delighted for him. We hope he can go away and do himself justice and I believe that he will.“Yes, there has been progress with regards a new contract, we’ll have to wait and see how that pan out.“But he is in talks, it’s on-going. We’re hoping there is some good news to report soon.”last_img read more