Saturday, August 22, 2009

TWO --- WEEK BREAK GETS A DAY LONGER

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Two-week break gets a day longer
The traditional fortnight's summer holiday is growing longer by a day as staff seek to save money on their breaks, and then ease themselves back into work.


By Martin Beckford, Social Affairs Correspondent
Published: 8:00AM BST 08 Aug 2009

Increasing numbers of employees are taking two weeks and a day off before returning to the workplace on a Tuesday rather than Monday, experts say.

This allows them to enjoy a more gradual return to the daily routine and also the prospect of a shorter working week before the next weekend.

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And as more Britons use travel websites and budget airlines to book tailor-made breaks rather than going on package holidays, it allows them to come home on days when flights are cheaper and airports quieter.

Professor Cary Cooper, the Professor of Organisational Psychology and Health at Lancaster University Management School, said: "I think the reason more people are doing it is because they are working harder and longer than every before, and need two weeks to unwind. Then they come back to work a date late rather than go straight back and feel overwhelmed.

NOTE: the professorof organisational psychology and health at lancaster university management.

"I would recommend they do that, as a way of gradually getting back up to speed. I can see lots of psychological advantages."

He added: "Employers probably benefit as well because you can guarantee the workers will be looking through their emails on that last day off."

In years gone by, most families who took summer holidays abroad arranged both flights and accommodation through high street travel agents in one or two-week blocks.

But low-cost airlines and the internet have allowed holidaymakers to be more flexible in the length of their breaks, forcing hotels to accept more bookings for odd nights rather than full weeks or weekends.

Travellers can now save hundreds of pounds by searching for flights away from the busier weekends, with research by Travelsupermarket.com suggesting that a trip to Sydney returning on a Monday could cost £605 compared with £783 on a Sunday.

Airports and roads are also quieter on weekdays, while holidaymakers returning to work on a Tuesday can spend an extra day relaxing with their family rather than rushing headlong into the routine of work.

Stansted airport said Sunday night is still the busiest time of the week for arrivals but "the gap is closing" as more people return home on Mondays.

EasyJet said: "We are seeing increasing numbers of people travelling midweek-to-midweek."

Hilton Hotels said Sunday bookings for its UK rooms had increased more this summer than any other day of the week.

Duncan Barraclough, a travel expert at Travelsupermarket.com, said: "The key to getting the best deal on your flight is to be flexible. If you are able to spread your annual leave over two or possibly even three weeks and fly mid-week you are highly likely to save money.

"Plus, by avoiding travelling at the weekend, you will often find roads and the airport are much quieter, reducing the stress of getting away.

"On top of this, hotels have recently become much more flexible in their booking terms."

According to the TUC, as many as 3 million full-time workers will also have extra time off to play with this summer, after the Government increased the minimum entitlement from 24 days to 28 including bank holidays in April.

Paul Sellers, a policy adviser at the union organisation, said: "As holiday entitlements go up, people will want to tack on days.

"Coming back in part of the way through a week is obviously easing you back into work rather than going full speed from a standing start."

Ben Willmott, Senior Public Policy Adviser at the Chartered Institute of Personnel and Development, added: "Lots of people are doing this especially if they've had a long flight. Having that extra day to recover can be quite useful.

"It's much better to be realistic and take an extra day's leave, and from the employer's point of view it makes it more likely staff will be fully rested whenever they do return."


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http://www.telegraph.co.uk/travel/travelnews/5989277/Two-week-break-gets-a-day-longer.html

Friday, August 21, 2009

PSYCHOLOGY COLLEGE RENAMED PALO ALTO UNIVERSITY; EXPANSION PLANNED

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Psychology college renamed Palo Alto University; expansion planned

By Will Oremus

Daily News Staff Writer
Posted: 08/07/2009 11:21:02 PM PDT
Updated: 08/07/2009 11:21:04 PM PDT

As of Aug. 1, Palo Alto has a university to call its own.

The Pacific Graduate School of Psychology has renamed itself Palo Alto University and is preparing to welcome students and faculty to a new campus in the Palo Alto foothills this fall.

The name change reflects both the move from a temporary home in Redwood City and the school's expansion to include bachelor's degree programs, Board of Trustees Chair Gary Shapiro explained in a letter to students.

Set on eight acres at 1791 Arastradero Road, the campus consists of three buildings formerly occupied by the American Institutes for Research. The school bought the property for $3.6 million and just completed a $2 million renovation, university President Allen Calvin said Wednesday.

The move is a homecoming for the school, which was based on East Meadow Drive in Palo Alto for 19 years before moving to a Stanford University-owned facility in Redwood City last year.

With an enrollment of fewer than 1,000 students, many of whom are also registered at other colleges, Palo Alto University intends to keep a quiet profile in the city, Calvin said. But he added that the university hopes to become a part of the city's fabric.

"We know Stanford is located in Palo Alto, but we want to make this a university that the people of Palo Alto have a voice in," he said. "We want to get a lot of people on our advisory council — and we have a lot already — who are prominent people
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in Silicon Valley. Whoever the mayor of Palo Alto is, we would like to have them on the advisory council. They will never get surprises from us."

Founded in 1975 to fill a regional void in clinical psychology doctoral programs, the university has grown to offer eight degree-granting programs, all related to psychology. Many are partnerships with other universities, such as a joint J.D./Ph.D. in Psychology and Law with Golden Gate University and a Psy.D. in Clinical Psychology with Stanford. It added a B.S. in Psychology and Social Action in 2006 in conjunction with De Anza College, and this year it will enroll its first students in a B.S. in Business Psychology, offered in cooperation with Foothill College.

NOTE: Many are partnership w/ other university and pay a psy.d.

Calvin said he hopes to see the university grow in the next few years to an enrollment of 1,000 undergraduates and 500 graduate students. But he said neighbors needn't worry about heavy traffic or fraternity parties, since the students will be transfers from two-year colleges and most of the classes will be held at the Foothill and De Anza campuses.

"We don't offer any freshmen or sophomore classes," Calvin said. "We don't have a football team."

The fall quarter starts the first week of September. A ribbon-cutting for the new facility is scheduled for Oct. 10.

E-mail Will Oremus at woremus@dailynewsgroup.com.

On the Web

More information about Palo Alto University is available online at:
http://www.pgsp.edu/
Beginning in December, the Web address will change to:
http://www.paloaltou.edu/



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Thursday, February 19, 2009

FAMILY LEAVES INSURANCE

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Related
Editorial: No Welfare, No Work (February 9, 2009)

Re "No Welfare, No Work" (editorial, Feb. 9):

Thank you for pointing out that welfare is what part-time workers are forced to rely on for unemployment insurance.

For many people, welfare also serves as family leave. In 1996, when the bipartisan Commission on Leave, of which I was a member, asked survey respondents how they supported themselves when using the Family and Medical Leave Act, 9 percent said "by going on public assistance"; the figure was 21 percent for low-income workers.

NOTE:FOR The many people, w/c the family and medical leaves Act,9 percent.

In addition to using stimulus funds to expand unemployment insurance, Congress should use the money to help states set up family leave insurance funds.

NOTE:THE insurance was the figure was 21 percent for the low-income workers.

Ellen Bravo
Milwaukee, Feb. 9, 2009

The writer coordinates the Multi-State Working Families Consortium, a network of state coalitions working for policies that value families at work.
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* National News Briefs; Group Sues to Block Paid Parental Leave (June 27, 2000)
* Dispute Over Plan To Use Jobless Aid For Parental Leave (November 8, 1999)
* Economic Scene; Time isn't money if you are a parent badly in need of both. (May 27, 1999)

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Keep your insurance cover afloat
February 14, 2009

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Too often in Australia personal tragedy is made even harder by the simple admission: "I have no insurance." Victoria's bushfires are no exception. Whether we're talking about insurance to cover the loss of our homes, belongings, cars or more valuable assets such as ourselves, our family and our ability to earn an income, Australia has an ongoing under-insurance problem.

Research by the Insurance Council of Australia in 2007 found almost one in four households - 23 per cent - didn't have home or contents insurance. An investigation by the Australian Securities and Investments Commission following the Canberra bushfires found anywhere between 27 and 81 per cent of consumers who did have insurance were under-insured by 10 per cent or more against current rebuilding costs.

NOTE;an university by the austrailian security and ivestment are commision in a following canberra brushfire are found.

A report last year by The Australian Institute of Superannuation Trustees and Industry Funds Forum found more than 50 per cent of industry super fund members were under-insured for death cover by $100,000 or more while 74 per cent were under-insured by $100,000 or more for total and permanent disability insurance and 45 per cent were under-insured by $1000 or more a month for income protection insurance.

An earlier report by the Investment and Financial Services Association found less than one-third of Australians insured their ability to earn an income and families with dependent children were particularly prone to being under-insured. It estimated that in 2005 parents with dependent children were under-insured by about $1370 billion

NOTE: The last report by the austrailian institute of superannuation trustees and indutry funds forum found more than 50 per cent.

Reasons for not buying insurance are obvious: cost, a perceived lack of benefit for the money invested, and more pressing demands on the budget. Not to mention the old "wing it and worry about the worst if it comes" approach. Or "it won't happen to me".

But the scale of the latest tragedy has delivered a harsh lesson that the worst can and does happen. And when it does, it's often unexpected. It's a wake-up call for all of us to review our cover.

To a large extent, it is under-insurance rather than non-insurance that is the more insidious problem. The decision not to insure is a conscious one where you knowingly take on extra risks.

You may be counting on emergency relief efforts to meet the gap if disaster strikes but that won't cover events such as burglary or having an accident that leaves you disabled. And you can't know in advance how adequate any relief efforts will be.

But under-insurance tends to be unconscious. You might give careful thought to how much cover you need when you originally take our your policy but few give the matter any ongoing thought. We pay the premium each year as it arrives, trusting the cover will be there when we need it.

This doesn't take account of changing circumstances. Renovations, new purchases and gifts should ideally be added to our home and contents insurance as soon as possible. But many of us overlook them entirely or only consider lifting the sum insured when it comes up for renewal.

Similarly, changes in your job, income and family situation can all affect the amount of personal insurance you need. But only a minority of consumers apply for their cover to be lifted as these events occur.

As the Canberra bushfires showed, standard home insurance policies also failed to keep pace with the growth in building costs. Many consumers who thought they had enough cover found their insurance would not meet the full cost of rebuilding as costs had grown faster than inflation, and then the high level of demand after the fire pushed building costs up even further.

Most insurance policies include some form of indexation but you can't assume the increases will be enough. At the very least, we should review the level of cover each year when we renew the policy. In most instances, lifting the level of cover is relatively simple and inexpensive. Most insurers now have calculators on their websites to help estimate your insurance needs. Continued…

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Wednesday, February 18, 2009

INSURANCE'S NEW FRONTIER

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Space: Insurance's New Frontier
Vidya Ram , 02.13.09, 12:02 AM EST
Satellite collision highlights risks in a sector that currently has little financial risk protection.
pic

Imagine an object the size of a pea with the potential to destroy a satellite, and you'll get a sense of the potential new risks posed by Wednesday's collision of an Iridium satellite with an inactive Russian military satellite.

The scale of the damage is still being assessed, but so far the U.S. Joint Space Operations Center has identified 600 pieces of debris greater than the size of a tennis ball that were thrown off in the crash (pieces smaller than that are untrackable). Traveling at around 5.0 miles a second, an object much smaller could do a lot of damage, particularly when colliding with one coming from the opposite direction at a similar speed.
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NOTE: The traveling at the around 5.0 miles a second , an object much smaller could do a lot of damage , in a particular when the colliding article is control.

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"The issue of debris has been hugely underestimated for a long time," said Sima Adhya, senior technical officer at risk analysis firm Sciemus. "It's a massive problem that the space industry needs to get a grip on."

"There was an incident where a speck of paint chipped the windscreen of a spacecraft," David Wade, space underwriter at Atrium Space Insurance in London, told Forbes.

Most commercial insured satellites operate in geosynchronous orbit, around 22,400 miles above the Earth, where there is hardly any debris, and onboard control ensures that collision risks are small. For these satellites, the main risks covered tend to be mechanical troubles, or a failure at launch, according to Ernst Steilen, head of space underwriting at Munich Re.

Wednesday's collision occurred much closer to Earth, at a level where the majority of satellites, belonging to research institutes or governments, aren't covered by insurance.

Underwriters have so far been unwilling to predict the impact that Wednesday's collision will have on the space insurance industry, which generates around $800.0 million a year. "It is too soon to tell if the recent collision is likely to affect insurance terms, as we do not yet understand the nature of the debris caused by the collision or the ultimate orbit of that debris," said Jeff Cassidy, chief operating officer of specialist insurer Global Aerospace "We will continue to base every policy on its individual risk characteristics and any risk of damage from debris of any origin is just one of the risks faced by in-orbit satellites."

NOTE: The nature of the debris caused by the collision or the ultimate orbit.

Munich Re's Steilen agrees that the collision, if it remains a one off and doesn't result in massive losses, is unlikely to have any immediate impact on the industry. "We have had a reminder of what can happened and will be tracking it closely in the future."

The satellite, belonging to Iridium Satellite LLC, collided with the Russian satellite about 500 miles above Siberia, around midday Eastern Standard Time on Wednesday. With increasing demand for satellite coverage for industry from shipping and mining, to Web sites such as Google Maps, lower space orbits are gradually becoming more crowded.
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This is why space weapons should be banned. There are hundreds of satellites in orbit and destroying them could create enough debris to severely limit humanity's ability to leave the planet for decad [Read More]
Posted by nygenxer | 02/13/09 06:37 AM EST
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Tuesday, February 17, 2009

JAPANESE INSURERS' EARNINGS SLIDE

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* FEBRUARY 13, 2009, 5:41 A.M. ET

Japanese Insurers' Earnings Slide

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TOKYO -- Japan's top five non-life insurers Friday posted dismal results in the April-December period due to securities losses totaling about $4.4 billion, revealing the extent of damage suffered from the economic downturn, and highlighting how the stock market slump has spread to domestic financial institutions.

NOTE: the tokyo japan is the top five of non-life insurance.

Tokio Marine Holdings Inc., Japan's largest non-life insurer by revenue, said its net profit for its first three fiscal quarters plunged 97% to 4.64 billion yen ($51.1 million) from 133.46 billion yen a year earlier.

Its net insurance premiums dropped 1.3% to 1.666 trillion yen from 1.687 trillion yen, dragged down ...

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Monday, February 16, 2009

INSURANCE ASSET MANAGEMENT OPERATING RESULTS SEEN FLAT

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UPDATE 1-Liberty sees FY headline EPS 25-35 pct lower
Fri Feb 13, 2009 7:58am GMT

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* Says well capitalised

* Insurance, asset management operating results seen flat

(Adds details)

JOHANNESBURG, Feb 13 (Reuters) - South African insurance company Liberty Holdings Ltd <LBHJ.J expects to report a 25-35 percent drop in full-year basic and headline earnings per share as sliding equity markets hit profit.

The company, which is majority owned by Standard Bank (SBKJ.J) and whose only operating asset is Liberty Group, said it remained well capitalised, with a capital adequacy level marginally ahead of the 2.5 times cover it reported in November.

NOTE: The
company is the majority by standard bank (SBKJ.J)THE 2.5 times cover it reported in november.

It said Liberty Group's headline EPS was expected to fall 45-55 percent including the full impact of investment losses on its portfolios, and to drop 25-35 percent exluding the impact of some of those returns.

Insurance and asset management operating earnings are expected to be in line with 2007 results, the company said.

Shares in Liberty Holdings slipped 0.35 percent to 68.01 rand, lagging a 1.86 percent gain on the Johannesburg Top-40 index of blue-chips stocks .JTOPI. Continued...
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NOTE:In the insurance and asset management are operating the earning are expected to be in line w/our company.

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